All Forum Posts by: Shayne Fee

Sounds to me like their bottom dollar is $300K and you would take the house at $285K. You're not really that far apart and should be able to put a deal together where everyone feels good enough to move forward. 

If I were in your shoes I would put together the strongest argument possible for why the home is worth $275K. Many of the ideas in the previous posts are good ones. Comps with a realtor obviously can be made to say whatever you want -- He's justifying $315K with them and you're at $265K...

You would at least make his decision very hard at $285-$290K...any lower and he probably would list it. 

I know it sounds like I'm assuming a lot in this post but I'm a third generation realtor/investor and have been in and around thousands of negotiations. Make your strongest case for $275K. Let him sit with it for a bit. Then come back and bend to $280K or $285K. Working together would be a best case scenario for you both!

Up closer to Inglewood I really like View Park/Windsor Hills area and in Long Beach Rose Park South and Rose Park...Nothing super cheap in either of those areas but I think they both have big upside and you can still find a deal here or there and add some value through rehab...Good luck Terence!

thanks Deanna!

hahaha...seriously though I have thought about calling the cops...Just wanted to see if anyone had any other bright ideas before taking it to that level!

The neighbor of one of my homes has bees in their yard. Not sure if it's a hive in a tree or an actual bee box but the bees are stinging my tenants and tenants dog! 

I have talked to the owner and he says it's the other neighbor (it's not) then ended the discussion abruptly. 

What should I do???

the way I'm reading it is if you did a major remodel you would have to pay for a temporary housing alternative for them but it's only their option to move out permanently.

http://hcidla.lacity.org/Relocation-Assistance

Here you go Tyler! Looks like your best option is to have a family member or resident manager move in...hope this helps!

@Thomas S. I hear you and agree with you to a certain extent. In this case these are inherited tenants. Trent just purchased the property and is likely going to have to do some rehab to get that unit back in shape for the next tenant. This is a moment in time when he may not have the luxury to spend thousands of extra dollars and much more time personally. 

You are right. In a perfect world all deadbeat tenants would be evicted and have it on their record. I just think each situation is unique and it sounds to me like Trent might be in a situation where he could really use the extra time and money. 

As for the tenants I can almost guarantee their credit is terrible and if they really are criminals than maybe they have some records there as well. If a future landlord screens his tenants appropriately he should be able to avoid these guys.

To me it's just a business decision. If I can save thousands of dollars and get bad tenants out immediately that's the best I can do if they won't leave on their own.

Essentially, you guys are saying you will spend thousands of dollars to keep bad tenants in your property for months. 

Criminals or not, it just doesn't make sense to me. 

I would definitely offer cash for keys.

Highly doubtful you will see a dime out of them for the missed rent or anything else. Make an initial offer for the lowest you think they would reasonably accept and be ready to negotiate. They likely know how the game is played.

Obviously the sooner they are out the better! Between eviction costs and additional missed rent it would be crazy to not offer them something with the caveat that they move out immediately. 

Maybe there are members out there that have more experience with successful cash for keys strategies...anyone out there have specifics on how to approach them or how the deal should be structured?